Acute Care Needleless Connectors Market
Number of pages: 100 | Report Format: PDF | Published date: 13 September, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
|
Market size value in 2021 |
USD 2.6 billion |
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Revenue forecast in 2030 |
USD 4.48 billion |
|
Growth Rate |
CAGR of 10.5% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
|
Segments covered |
Perspectives by Mechanisms, Connector Type, End User, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global acute care needleless connectors market was pegged at US$ 2.6 billion in 2021 and is expected to witness a CAGR of 10.5% during the forecast period.
Market Fundamentals
Acute care needleless connectors are devices that are added to the end of vascular catheters or syringes to help the catheter access the area for aspiration and infusion. These devices are often used to connect indwelling needles, central venous catheters, and other vascular accesses in order to establish a constrained and unrestricted venous infusion circuit. Another advantage they provide is the benefit of not impeding the process. The needleless connections for acute care are divided into different categories based on their internal mechanisms and types of functions. Based on their internal processes, the acute care needleless connectors are divided into basic and complex connectors. Simple needleless connections contain fewer parts and a lower cost when compared to more complex ones.
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Market Dynamics
The market for acute care needleless connectors is anticipated to grow as need for effective and efficient intravenous blood withdrawal and drug delivery techniques increases. Additionally, a superfluous connector lessens the chance that a medical professional may suffer a needlestick injury, which could result in blood-borne illnesses. In many intravenous medicine administrations and blood withdrawals that are required over the course of therapy, such as in acute care hospitals, needleless connectors find their applications. In addition, the producers are emphasising product design modernization and the invention of novel connectors, which are capable of reducing the danger of (Catheter-related bloodstream infections), or CRBSI.
Market Ecosystem
The global market for acute care needleless connectors has been analysed from four perspectives by mechanisms, connector type, end user, and region.
Acute Care Needleless Connectors Market by Mechanisms
Based on mechanisms, the global acute care needleless connectors market has been segmented into positive fluid displacement, negative fluid displacement, neutral fluid displacement and anti-reflux needleless connectors.
Acute Care Needleless Connectors Market by Connector Type
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Based on connector type, the global acute care needleless connectors market has been segmented into simple needleless connectors, and complex needleless connectors.
The simple needleless connectors registered a lucrative growth during forecast period. In comparison to sophisticated needleless connectors, simple needleless connectors are less expensive and require fewer parts. Simple connectors without needles lack an internal mechanism. Simple connectors can come in two different basic designs. One design call for the use of a blunt plastic cannula that is connected to a syringe or administration set and inserted through the needleless connector's prepierced septum.
Acute Care Needleless Connectors Market by End User
Based on end user, the global acute care needleless connectors market has been segmented into hospitals, clinics & ambulatory settings and others.
The hospital segment dominated the global acute care needleless connectors market during forecast period. The need for these connectors has increased mainly as a result of an increase in hospital emergency room visits.
Acute Care Needleless Connectors Market by Region
Based on region, the global acute care needleless connectors market has been segmented into North America, Europe, Asia Pacific and Rest of the World. In the global market for acute care needleless connections, North America has emerged as one of the largest revenue-producing regions. The advantages of needleless connectors are becoming more widely known among healthcare professionals, and enhanced healthcare infrastructure and the quick increase in the senior population are further important factors contributing to their huge share. However, Asia Pacific is predicted to grow at a profitable rate over the forecast period due to factors like the rising prevalence of chronic diseases, supportive government initiatives pertaining to the development of healthcare infrastructure, and swift economic development in Asian countries like Japan, China, and India.
Competitive Landscape
Some of the prominent market players in the global acute care needleless connectors market include
The majority of acute care needleless connectors are produced by major companies on a global scale. Market leaders with more resources for research and a better distribution network have carved out a place for themselves. Organic growth strategies, such as new releases, product approvals, and other items like patents and events, are being emphasised by various companies. The market witnessed the use of two inorganic growth strategies: acquisitions and partnerships and collaborations.
Strategic development
The Asia Pacific is the key growing region in the global acute care needleless connectors market.
The technological advancement in the needleless connectors, increasing emergency visits in the hospitals and rising demand for intravenous blood withdrawal will fuel the market expansion.
The global acute care needleless connectors market is expected to clock US$ 4.48 billion by 2030.
The global acute care needleless connectors market is expected to witness a CAGR of 10.5% during the forecast period.
Some of the prominent market players in the global acute care needleless connectors market include, Vygon, Ry Med Technologies Inc, Nexus Medical LLC and others.
*Insights on financial performance is subject to availability of information in public domain
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Snehal Deshmukh
Principle Consultant
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